Relevant for Exams
Expert predicts prolonged Indian equity consolidation due to valuations, weak earnings, rupee; favors autos, US tech.
Summary
Ajay Srivastava of Dimensions Corporate predicts prolonged consolidation for Indian equities, attributing it to high valuations, weak earnings visibility, and rupee depreciation. He suggests a shift towards global equities and precious metals, favoring autos and US technology stocks while cautioning against new-age platform companies. This reflects expert sentiment on market trends, which can be relevant for understanding economic outlook in competitive exams.
Key Points
- 1Ajay Srivastava of Dimensions Corporate predicts prolonged consolidation for Indian equities.
- 2Reasons for the market outlook include high valuations, weak earnings visibility, and rupee depreciation.
- 3Srivastava remains bullish on the auto sector and US technology stocks.
- 4He cautions investors against new-age platform companies.
- 5Capital is expected to gradually shift towards global equities and precious metals.
Full Article
Indian equities may face prolonged consolidation as high valuations, weak earnings visibility and rupee depreciation weigh on sentiment, says Ajay Srivastava of Dimensions Corporate. He remains bullish on autos and US technology stocks, cautions against new-age platform companies, and expects capital to gradually shift toward global equities and precious metals.